BB Healthcare Trust’s (LON:BBH) Paul Major believes a second wave of coronavirus infections is inevitable and he is positioning the trust’s portfolio accordingly.
The view that it is sunny uplands for equity markets from here is slightly disconcerting, he told Proactive, even with the recent rally.
Major believes, however, that healthcare has seen a structural shift in perception and that will be good news for the sector over the longer-term.
People have realised that if they want a better healthcare system, they will have to pay more, he says.
From an investment viewpoint, healthcare generally has done incredibly well over the course of the crisis, he adds, underlining that it is a classic defensive sector.